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RENASCOR RESOURCES LIMITED — AGM Information 2015
Nov 25, 2015
65723_rns_2015-11-25_47c3f894-8c00-43c6-8d2a-9f30d6ae9522.pdf
AGM Information
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ASX Announcement
26 November 2015
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Managing Director’s Annual General Meeting 2015 Presentation to Shareholders
Attached please find a copy of the Managing Director’s presentation to be delivered today at the company’s AGM in Adelaide.
BACKGROUND INFORMATION
Renascor Resources is an Australian-based company focused on the discovery and development of economically viable deposits containing copper, gold, uranium and associated minerals. Renascor has an extensive tenement portfolio, holding interests in projects in key mineral provinces of South Australia, the Northern Territory and Western Australia.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Mr David Christensen
Managing Director +61 8 8363 6989 [email protected]
Mr Angelo Gaudio
Company Secretary
ACN 135 531 341 36 North Terrace, Kent Town, SA 5067 Phone: +61 8 8363 6989 • Fax: +61 8 8363 4989 Email: [email protected]
ASX code: RNU
www.renascor.com.au
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Renascor Resources Limited ASX code: RNU
Annual General Meeting Presentation
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Adelaide 26 November 2015 David Christensen Managing Director
Renascor Resources
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Company snapshot
ASX: RNU Renascor’s strategy is to maximize the prospects for economic discoveries by focusing on highvalue, targeted drilling
Munglinup
High-value, drill-ready targets Proven province for high-grade, coarse-flake graphite Low-cost entry Immediate focus on drilling
Eastern Eyre
Advanced, large-scale copper project Major position in Olympic Dam belt High-grade copper from initial drilling Next phase: unlock high value targets
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Project portfolio Maximizing discovery prospects
Expansion into graphite Growing market Diversification of risk High-value, near-term opportunities
Western Australia Munglinup Graphite and nickel-sulphide Opportunistic acquisition
South Australia Eastern Eyre (copper) Frome/Warrior (uranium) Carnding (gold) Gairdner (base metal/silver) Marree (copper)
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Munglinup project
Low-cost entry into proven graphite/nickel sulphide region of Albany-Fraser Range province of Western Australia
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Munglinup project High potential drilling
Immediate discovery targets
Untested EM conductors Drill-ready
Multi-commodity Graphite Nickel-sulphide
Low-cost Acquisition for shares Extensive reconnaissance exploration already completed WA drill grant
Untapped opportunity “Dormant” project Private companies now active in region
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Munglinup project Graphite targets
High-grade graphite Historic drill results of coarse flake graphite of up to 34.9% TCG within a target horizon of over 25km Proven large flake graphite province Immediately adjacent to Halbert’s graphite deposit (1.47Mt @ 18.2%TCG)
Drill-ready targets Recently completed EM survey has defined multiple drill-ready targets along strike from the Halbert’s deposit
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Munglinup project Shiraz prospect
Extensive strike zone +2km conductive anomaly High-tonnage potential
Along-strike from Halbert’s
Coincident with northern continuation of the regional Halbert’s shear zone
Broad southern zone Two parallel confined conductors each of ~800m strike-length are defined in "late-time" VTEM data
Drill testing imminent Expected to commence next month
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Munglinup project Pinot prospect
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Pinot prospect
Adjacent to Halbert’s
Immediately to the northeast of Halbert’s
graphite deposit
Long strike zone
+1km-strike late time conductor
High-tonnage potential
Controlling sheer
structure
Offset northward continuation of the
controlling Halbert’s regional shear structure
Drill testing imminent
Expected to commence this next month
Pinot prospect – VTEM Channel 48 image, interpreted
structures and mineralized zones for Halbert’s graphite project
(source: Adelaide Prospecting Pty Ltd Technical Report,
E74/308 dated August 2009)
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Munglinup project Nickel sulphide
Lake Johnston belt
Continuation of Halbert’s Shear represents possible offset continuation of Lake Johnston ultra mafics and nickel sulphide
EM conductors Identified from recent EM survey
Ultra mafics Multiple occurrences of outcropping ultra mafics and near-surface geochemical anomalies
Project pipeline Multiple prospects for drill-testing
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Eastern Eyre project Renascor holds an enviable tenement package in a major copper province
Prominent Hill
210 Mt @ 1.22% Cu from ~100m depth, discovered 2001
Olympic Dam
9,500 Mt @ 0.82% Cu from ~300m depth, discovered 1975
Carrapateena/Khamsin
1,000 Mt @ 0.80% Cu from ~500m depth, discovered 2005
Hillside
330 Mt @ 0.6 % Cu from <50m depth, discovered 2008
Renascor’s Eastern Eyre Project +1,500km[2] Targeting similar large-scale copper resources from <50m cover depth Amongst shallowest cover sequences in region
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Eastern Eyre project
Angle Dam fault
Extensive mineralisation zone Massive copper sulphides and associated base metals Recent drilling Extends mineralisation south of 1050 East Next steps IP to prioritise nest-stage drill targets Eastern Eyre project, showing proposed induced polarisation coverage Renascor Resources Resources 11
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Eastern Eyre project Prospect pipeline
Additional high-priority copper targets Roopena-Angle Dam fault (+40km) Mineralised system with limited historical exploration
Pipeline of targets for subsequent drill programs
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Greenfield exploration Farina, Gairdner and Carnding projects
Low carrying cost opportunities in base and precious metals
Farina
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Major position in Adelaide Fold Belt
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Targeting large tonnage Zambian Copper Belt-style
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Project area expanded in 2014 with
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acquisition of key ground containing ore-grade copper intersections from Utah Development drilling in 1970/80s
Carnding
- Strategic position in Gawler Craton � Targeting gold
Gairdner
- Nickel, silver and copper targets in Central Gawler Craton
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Uranium Projects Warrior and Frome
Portfolio includes low-cost opportunities to take advantage of increase in uranium price
Warrior
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Advanced, historic uranium project
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Limited modern exploration
- Two-fold opportunity:
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Modern exploration methods to recalibrate (and enhance) grade
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Extend size through additional drilling of paleochannel
Frome
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Major strategic position near
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Beverley/Four Mile uranium mines
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Basement fault setting comparable to Four Mile
- Immediate drill targets
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Share price drivers Catalysts for re-rating
Munglinup drilling Graphite drilling to commence next month Pipeline of graphite/nickelsulphide targets
South Australia Eastern Eyre copper Carnding gold
New acquisitions Currently under review
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Important notice
Forward Looking Statements
This Presentation may include statements that could be deemed “forward-looking” statements. Although Renascor Resources Limited (the “Company”) believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those expected in the forward-looking statements or may not take place at all.
No Offer to Sell or Invitation to Buy
This Presentation is not, and should not be considered to, constitute any offer to sell, or solicitation of an offer to buy, any securities in the Company, and no part of this Presentation forms the basis of any contract or commitment whatsoever with any person. The Company does not accept any liability to any person in relation to the distribution or possession of this Presentation from or in any jurisdiction.
Disclaimer
Whilst care has been exercised in preparing and presenting this Presentation, to the maximum extent permitted by law, the Company and its representatives make no representation, warranty or undertaking, express or implied, as to the adequacy, accuracy, completeness or reasonableness of this Presentation; accept no responsibility or liability as to the adequacy, accuracy, completeness or reasonableness of this Presentation; and accept no responsibility for any errors or omissions from this Presentation
Competent Persons Statement
The exploration results in this Presentation, insofar as they relate to mineralisation, are based on information compiled by Mr G. W. McConachy (fellow of the Australasian institute of Mining and Metallurgy) who is a director of the Company. Mr McConachy has sufficient experience relevant to the style of mineralisation and type of deposits being considered to qualify as a competent person as defined by the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC code, 2012 edition). Mr McConachy consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
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